Africa Rapid Response South Africa GDP (Q3 2024) South Africa’s economy recorded a surprise contraction of 0.3% q/q in Q3, but that was largely due to a steep decline in agricultural output. The rest of the economy held up much better and we expect... 3rd December 2024 · 2 mins read
Africa Rapid Response Nigeria GDP (Q3 2024) Nigeria recorded a surprise pick-up in GDP growth to 3.5% y/y in Q3 as stronger growth in the non-oil economy more than offset a slowdown in the oil sector. We expect growth to remain soft until the... 25th November 2024 · 2 mins read
Africa Rapid Response South Africa Consumer Prices (Oct. '24) The drop in South Africa’s headline inflation, to 2.8% y/y, in October, will make it harder for the SARB to strike a hawkish tone regarding inflation pressures at its monetary policy committee meeting... 20th November 2024 · 2 mins read
Africa Rapid Response Nigeria Consumer Prices (Oct' 24) Nigeria’s headline inflation picked up for a second consecutive month, to 33.9% y/y in October, largely due to the impact of rising petrol prices. The CBN now appears to have little choice but... 15th November 2024 · 2 mins read
Africa Rapid Response South Africa Consumer Prices (Sep. '24) The drop in South Africa’s headline inflation rate, to 3.8% y/y, in September, means that the SARB will almost certainly continue its easing cycle. The chances of a 50bp cut at its the next meeting... 23rd October 2024 · 2 mins read
Africa Rapid Response Nigeria Consumer Prices (Sep. '24) Nigeria’s headline inflation picked up to 32.7% y/y in September, confirming that the CBN’s fears about upside risks from last month’s petrol price hikes were not misplaced. We think the CBN will... 15th October 2024 · 2 mins read
Africa Rapid Response South Africa Manufacturing PMI (Sep.) South Africa’s manufacturing PMI rebounded in August, finally replicating the improvements we have seen in other survey indicators. A backdrop of interest rate cuts and improving supply conditions... 1st October 2024 · 2 mins read
Africa Data Response S. Africa Interest Rate Announcement (Sep.'24) 19th September 2024 · 2 mins read
Africa Data Response South Africa Consumer Prices (Aug' 24.) The dip in South Africa’s headline inflation rate, to 4.4% y/y, in August and the further decline in core inflation all but seals the deal on the SARB start an easing cycle tomorrow. We have pencilled... 18th September 2024 · 2 mins read
Africa Data Response Nigeria Consumer Prices (August '24) Nigeria’s headline inflation rate dipped to 32.2% y/y in August, confirming the disinflation trend is firmly on course as the pass through from previous sharp falls in the naira continues to fade... 16th September 2024 · 2 mins read
Africa Rapid Response South Africa GDP (Q2 2024) South Africa’s economy recorded weaker-than-expected growth of 0.4% q/q in Q2 which, coming alongside the easing of inflation pressures, further strengthens the case for an interest rate cut at the... 3rd September 2024 · 2 mins read
Africa Rapid Response South Africa Manufacturing PMI (Aug.) The sharp fall in South Africa’s manufacturing PMI in August was disappointing but the survey has been extremely volatile recently and the big picture is that respondents remained optimistic about the... 2nd September 2024 · 2 mins read
Africa Data Response Nigeria Consumer Prices (Jul. '24) Nigeria’s headline inflation rate eased to 33.4% in July, the first time it had slowed in 18 months, as the passthrough from previous naira falls has finally started to faded. With inflation having... 15th August 2024 · 2 mins read
